Direxion Daily Technology Bear 3x ETF
TECS
13 hedge funds and large institutions have $3.66M invested in Direxion Daily Technology Bear 3x ETF in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 7 closing their positions.
149% more call options, than puts
Call options by funds: $10.7M | Put options by funds: $4.31M
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
0.09% less ownership
Funds ownership: 0.12% → 0.03% (-0.09%)
19% less funds holding
Funds holding: 16 → 13 (-3)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
81% less capital invested
Capital invested by funds: $19.6M → $3.66M (-$16M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWA
Stratos Wealth Advisors
Beachwood,
Ohio
|
+$1.46M |
| 2 |
VF
Virtu Financial
New York
|
+$655K |
| 3 |
AIP
Ahrens Investment Partners
Lafayette,
Louisiana
|
+$334K |
| 4 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
+$223K |
| 5 |
Morgan Stanley
New York
|
+$155K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$7.44M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.04M |
| 4 |
Goldman Sachs
New York
|
-$901K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$358K |
TECS Hedge Fund Activity: Q1 2023 in Review
13 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bear 3x ETF (TECS) for Q1 2023, worth a combined $3.66M — down 81% from $19.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of TECS and 5 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 3 added.
The largest buyer was Stratos Wealth Advisors, opening a new position worth an estimated $1.46M. The largest seller was Jane Street, exiting entirely with an estimated $7.44M sold.
- 13 institutional investors held Direxion Daily Technology Bear 3x ETF (TECS) as of Q1 2023, down from 16 in Q4 2022.
- Funds reported $3.66M of Direxion Daily Technology Bear 3x ETF stock for Q1 2023, down 81% quarter-over-quarter.
- 5 funds opened new Direxion Daily Technology Bear 3x ETF positions in Q1 2023 and 7 closed out, a net change of -2 holders.
- The largest Direxion Daily Technology Bear 3x ETF buyer in Q1 2023 was Stratos Wealth Advisors, an estimated $1.46M added.
- The largest Direxion Daily Technology Bear 3x ETF seller in Q1 2023 was Jane Street, an estimated $7.44M sold.
Based on aggregated 13F filings for Q1 2023.